Common use of Majority Consent and Entire Consent Clause in Contracts

Majority Consent and Entire Consent. The amendment to or exemption from any provision of this Agreement and the exemption from the breach of this Agreement shall be made in writing, and will be effective only after the execution of the parties relating to the amendment or exemption. Without affecting the generality of the aforementioned provisions, if any amendment or exemption affects the rights and interests of the Lead Arranger or the Facility Agent, the amendment or exemption shall be consented to and executed in writing by the Lead Arranger or the Facility Agent. After the Facility Agent obtains the consent of all or the Majority Lenders according to this Agreement, the Lead Arranger and the Lenders will authorize the Facility Agent and the Borrower to make relevant amendment or exemption in writing (the consent of all or the majority of the Lenders is deemed as the authorization granted by the Lenders) and the amendment or exemption made by the Facility Agent under such mandate shall have the binding effect on all Lenders; provided, however, that the amendment or exemption relating to the following matters shall be consented to in writing by all of the Lenders:

Appears in 2 contracts

Samples: Syndicated Loan Agreement, Syndicated Loan Agreement (Chipmos Technologies Bermuda LTD)

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Majority Consent and Entire Consent. The amendment to or exemption from any provision of, or giving waiver of this Agreement and the exemption from the breach of any default under, this Agreement shall be made with the written consent of the Majority Lenders and such amendment or waiver shall be made in writing, and . The amendment or waiver will be effective only after the execution of the parties relating to the amendment or exemptionwaiver. Without affecting the generality of the aforementioned provisions, if any amendment or exemption waiver affects the rights and interests of the Lead Arranger or the Facility Agent, the amendment or exemption waiver shall be consented to and executed in writing by the Lead Arranger or the Facility Agent. After the Facility Agent obtains the consent of all or the Majority Lenders according to this Agreement, the Lead Arranger Arranger, Collateral Agents and the Lenders will authorize the Facility Agent and the Borrower to make relevant amendment or exemption waiver in writing (the consent of all or the majority of the Lenders is deemed as the authorization granted by the Lenders) and the amendment or exemption waiver made by the Facility Agent under such mandate shall have the binding effect on all Lenders; provided, however, that the amendment or exemption waiver relating to the following matters shall be consented to in writing by all of the Lenders:

Appears in 1 contract

Samples: Syndicated Loan Agreement (Chipmos Technologies Inc)

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Majority Consent and Entire Consent. The Any amendment to or exemption from any provision waiver of the provisions under this Agreement and any wavier of the exemption from the breach Event of Default under this Agreement shall be made by the consent of the Majority Banks in writing, and will be effective only after the execution of shall not take effect until such written 42 consent being executed by the parties relating to the such amendment or exemptionwaiver. Without affecting prejudice to the generality of the aforementioned provisionsforegoing, if in the event that any amendment or exemption affects waiver will affect the rights and interests interest of the Mandated Lead Arranger or Arrangers and/or the Facility AgentAgent Banks, the such amendment or exemption wavier shall be consented to and executed made by the consent of the Mandated Lead Arrangers and/or the Agent Banks in writing and the written consent shall be executed by Mandated Lead Arrangers and/or the Lead Arranger or the Facility AgentAgent Banks. After the Facility Agent obtains the consent of all the Lenders or the Majority Lenders according to Banks in accordance with this Agreement, the Mandated Lead Arranger Arrangers and the Lenders will shall thereby authorize the Facility Agent and the Borrower Collateral Agent to make relevant amendment amendments or exemption waiver in writing with the Co-Borrowers (the consent of all the Lenders or the majority of the Lenders is Majority Banks shall be deemed as the authorization granted by the Lenders) of each Lender), and the such amendment or exemption waiver made by the Facility Agent under such mandate and the Collateral Agent on behalf of the Lenders shall have the binding effect on all the Lenders; provided. Provided, however, that the amendment or exemption waiver relating to the following matters the matters otherwise specified in other provisions of this Agreement shall be consented subject to in writing by the prior written consent of all of the Lenders:

Appears in 1 contract

Samples: Syndicated Loan Agreement (Micron Technology Inc)

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